Imperial Petroleum Recovery Corp.(fka IRECQ)

[Rawnoc]

I'm finally taking a peek at the court stuff again. Creditors calling bullshit on the pending contracts and want to move forward and reject IRECQ's plan of BK. IRECQ claiming with detail all sorts of contracts about to happen. What a drama story. It sounds way too good to be true by IRECQ despite the details though why would the creditors be so anxious unless there is something of value. Both sides sound full of shit.

We shall find out soon....
Total Potential Contracts: $23,445,000 from 6 different prospects.
Total closed so far: 0 for 6.

Prospect 6: expected to begin in January 2014
Prospect 5: waiting on final budget approval of that company
Prospect 4: nothing since Nov
Prospect 3: the company's general manager directed the documents be finalized by Dec 20.
Prospect 2: testing was to be done in Dec. 2013 for a Q2 2014 deployment
Prospect 1: firm contract was waiting on lab reports then start date in Q1 2014

5 of 6 prospects discussed conference calls in December and finalizations of contracts that made it sound any day. Now January 29 with nothing.